South Korea's largest cryptocurrency exchange, Upbit, has added io.net (IO) to its Korean won trading market. The token, which runs on the Solana blockchain, is now available for direct KRW trading.
What io.net brings to Upbit
Io.net is a decentralized physical infrastructure network (DePIN) project built on Solana. It aims to aggregate underutilized GPU resources from data centers and independent miners to provide compute power for AI and machine learning workloads. The IO token is used for payments, staking, and governance within that network.
The listing gives Korean traders a direct fiat on-ramp to the token through Upbit's KRW market. Previously, IO was only tradable against other cryptocurrencies on international exchanges.
Why the KRW pair matters
Upbit dominates South Korea's crypto trading volume, often accounting for more than 80% of domestic spot activity. Adding a KRW trading pair typically boosts a token's liquidity and visibility among Korean retail investors, who tend to trade heavily in local currency pairs.
The exchange also supports Solana-based deposits and withdrawals for IO, meaning users can move the token in and out of the platform using the Solana network — avoiding higher fees and slower times associated with other chains.
Solana's growing exchange presence
Upbit's IO listing is the latest in a string of Solana ecosystem tokens hitting major Korean exchanges. The exchange already lists Solana (SOL) and several SPL tokens. The move signals continued confidence in the Solana blockchain's infrastructure for real-world asset tokenization and DePIN projects.
For io.net, the listing provides a foothold in one of the world's most active crypto trading markets. The project has been expanding its network of GPU providers and recently announced partnerships with several data centers in Asia and North America.
Trading of IO/KRW opened on Upbit at 10:00 AM KST on the day of the announcement. Deposits and withdrawals via Solana are enabled immediately.
